uTrader Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this uTrader Review.
uTrader is a binary options broker, offering trading in more than 90 financial assets on the SpotOption binaries platform under reasonable trading conditions. Besides, this broker has a loyal fan base or over 250,000 customers.
Unfortunately, there is no demo account for those who would like to practice a bit before investing real money or for traders who simply want to try this broker’s trading conditions and technology.
The Company. Security of Funds
Launched in 2011, uTrader website and trademark are owned by uTrader Day Dream Investments Ltd Trust Company Complex, a company registered in the Marshall Islands. The main company office that provides customer support is located in Latvia, Riga.
Brokers based in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in the UK or Cyprus do. To put it simply, when operating with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.
Trading Options: Call/Put, Turbo, Long term, Pairs, One touch, Ladder,
Assets: Currencies, Stocks, Indices, Commodities
Minimum Initial Deposit
The minimum initial deposit for clients of uTrader is $300, which is average. In comparison, in order to open an account with CherryTrade, traders have to invest at leats $200.
Depending on the Trading Options and expiry times, payout percentage offered by uTrader reaches 85% on classic binary options, which is average for the market. As regards One Touch options profit is up to 650%.
In comparison, payout percentage offered by CherryTrade ranges from 71% to 81%.
Like most binary options brokers, uTrader uses the web-based SpotOption platform. There are also iPhone and Android apps available.
The platform is internationally recognized as a leading software developer, and most of the leading brokers use their products. Double-Up and RollOver features are available on the platform, and cccording to the broker’s website, the prices are based on either Leverate.com or Reuters.
Besides, the broker provides Trading Trends & Best Latest Trades on its website – features, which allow traders to see market sentiment and to follow the best and most experienced traders on the platform.
Methods of Payment
There are several payment methods available to uTrader’ clients: wire transfer, credit/debit cards (Visa, MasterCard, Maestro), and e-wallets Skrill, Neteller, WebMoney, MoneyNet, and OKPAY.
Despite being registered offshore, uTrader is a reputable broker, offering reasonable conditions for trading in binaries on the SpotOption platform.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
uTrader Review Conclusion
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